Sevenfeet wrote:It's not that Mastercards have just vanished. But Chase is one of the biggest card lenders (if not THE biggest) and having them going exclusively with Visa is a big deal.
Yeah, they are the biggest. It's just strange that they are completely doing away with them. Back in the day, Wells Fargo issued MasterCard's but switched to Visa...grandfathered customers to this day still have their Wells Fargo MasterCard's. Starting in 1999 and until recently, Citibank switched to MasterCard but Visa customers got to keep their Visa's. So it is interesting that Chase is going through and changing their MasterCard's to Visa's on existing customers.
I know that Visa likes to offer discounts to issuers that agree to only issue Visa so that is probably what happened.